State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report.
KOC will decide on the fine in line with the cou

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report.
KOC will decide on the fine in line with the cou

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report.
KOC will decide on the fine in line with the cou

US-headquartered Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC).
The new licenses will be used to build more accurate and detailed reservoir models. The new contract

US-headquartered Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC).
The new licenses will be used to build more accurate and detailed reservoir models. The new contract

Crude futures fell in early Asian trade on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from the Middle Eastern country and data showed US stockpiles rose last week.
Brent crude futures, wer

Workers are fixing a leak at a site where an oil well is being dug in northern Kuwait, state news agency Kuna reported on Wednesday.
The agency quoted Saad Al-Azemi, spokesman for the Kuwait Oil Company (KOC), as reporting that &q

The heads of the state-owned Kuwait Oil Company (KOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec) will swap positions, Oil Minister Ali Al-Omair said on Wednesday.
"There is a decision to circulate the managemen

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a